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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue $ 94,558 $ 69,804 $ 283,561 $ 175,875
Costs and expenses:        
Cost of revenue (exclusive of depreciation shown separately below) 3,392 2,436 10,329 6,402
Selling and marketing expense 62,819 48,901 192,416 118,615
General and administrative expense 9,008 7,069 26,820 21,336
Product development 3,718 2,675 11,384 7,238
Depreciation 1,286 764 3,458 2,135
Amortization of intangibles 166 25 263 124
Restructuring and severance 0 28 72 422
Litigation settlements and contingencies 19 133 109 (663)
Total costs and expenses 80,408 62,031 244,851 155,609
Operating income 14,150 7,773 38,710 20,266
Other income (expense):        
Interest (expense) income (141) (1) (424) (63)
Income before income taxes 14,009 7,772 38,286 20,203
Income tax expense (6,729) (389) (15,099) (968)
Net income from continuing operations 7,280 7,383 23,187 19,235
Loss from discontinued operations, net of tax (664) (1,295) (3,017) (3,238)
Net income and comprehensive income $ 6,616 $ 6,088 $ 20,170 $ 15,997
Weighted average shares outstanding:        
Basic 11,754 11,445 11,827 11,378
Diluted 12,742 12,489 12,782 12,379
Income per share from continuing operations:        
Basic (in dollars per share) $ 0.62 $ 0.65 $ 1.96 $ 1.69
Diluted (in dollars per share) 0.57 0.59 1.81 1.55
Loss per share from discontinued operations:        
Basic (in dollars per share) (0.06) (0.11) (0.26) (0.28)
Diluted (in dollars per share) (0.05) (0.10) (0.24) (0.26)
Income per share attributable to common shareholders:        
Basic (in dollars per share) 0.56 0.53 1.71 1.41
Diluted (in dollars per share) $ 0.52 $ 0.49 $ 1.58 $ 1.29